Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 31,800 shares, an increase of 162.8% from the March 31st total of 12,100 shares. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 1.3 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $22.60 on Friday. The company’s 50-day moving average is $23.07 and its two-hundred day moving average is $22.09. Brighthouse Financial has a 1 year low of $19.10 and a 1 year high of $24.25.

Brighthouse Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 6.91%. The ex-dividend date was Thursday, February 29th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brighthouse Financial stock. Thompson Investment Management Inc. acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $46,000.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.